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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Virgin

Virgin stories: 10 news summaries

 Virgin's Stores Go Way of Dodo 

In US

Mar 4, 09 9:57 AM CST
(Newser) - America's last six Virgin Megastores will close their doors by this summer, the AP reports, even though they’ve managed to remain profitable amidst the economic storm. The real estate firms that bought the chain in 2007 determined they could collect more rent from new tenants. “I’ve been... More »

MORE ABOUT:
music industry • real estate • Virgin • economy

 Virgin Megastore to Close 

Iconic record store to become Forever 21

Jan 14, 09 9:37 AM CST
(Newser) - New York City’s iconic Virgin Megastore will close in April, Billboard reports. The Times Square fixture is the US’s highest volume music store, but the real estate company that acquired Virgin in 2007 is booting it for a higher-rent tenant. An exec told Reuters last year that Virgin... More »

MORE ABOUT:
New York real estate • New York City • New York • Virgin • Times Square • Virgin Records

Virgin May Try
'3 Strikes' for
File Sharers

Copyright holders pressure British ISPs
to unplug users

Mar 31, 08 8:40 PM CDT
(Newser) - Virgin Media may become the second ISP to unplug users who share files illegally, the Register reports. The company is in talks with a UK record industry association over a  "three strikes" system, which would disconnect users who share copyright-infringing files after two warnings. "We are taking this... More »

MORE ABOUT:
Virgin • file sharing • P2P • Internet service providers • British Phonographic Industry • Tiscali • peer-to-peer

Move to Nationalize
UK Bank Sparks Fury

Shareholders expected to battle public ownership

Feb 18, 08 3:48 AM CST
(Newser) - Furious shareholders concerned about the risk to their investments are blasting the British government's decision to nationalize ailing Northern Rock bank. The British Treasury is expected to face lengthy legal action from investors once the government formally announces details of the takeover today. Trading in bank shares is being suspended,... More »

MORE ABOUT:
Richard Branson • investors • shareholders • nationalization • Virgin • Alistair Darling • Northern Rock Bank • Chancellor of the Exchequer • bailout • Lloyd's of London • Branson consortium • British Bankers Association • Association of British Insurers • Northern Rock Small Shareholders%u2019 Association

Brits Hatch Secret Plan
to Bail Out Northern Rock

No good options for struggling bank

Dec 18, 07 2:05 PM CST
(Newser) - Worried that the state might be stuck nationalizing Northern Rock, Britain has worked up a contingency plan behind closed doors to divide the troubled bank among the country’s commercial banks. A private buyout is still preferable, the Guardian reports, but some now fear the main bidders will back out,... More »

MORE ABOUT:
Richard Branson • Gordon Brown • subprime mortgages • Virgin • credit crisis • Britain • Northern Rock • Alistair Darling

Google Founder's Wedding Date Suppressed

Published, retracted without explanation

Nov 1, 07 12:23 AM CDT
(Newser) - Valleywag reports that somebody leaked Google founder Larry Page's wedding date to a Fortune editor, but the info was later scrubbed from the story in which it had appeared. And the old version of the article doesn't show up in the Google cache of the page. Yahoo cached the original... More »

MORE ABOUT:
Richard Branson • Yahoo • Google • Larry Page • Virgin • wedding • CNN • Valleywag • Fortune

Branson's Virgin Group Bids for Northern Rock

Beleaguered British mortgage lender's stock jumps 7% on news

Oct 12, 07 1:55 PM CDT
(Newser) - Richard Branson’s Virgin Group is officially making a bid for Britain’s Northern Rock, the Times of London reports. Branson hopes to merge the bank with Virgin Money and then rebrand it, keeping the company independent. “If we are successful we'll be able to create an exciting new... More »

MORE ABOUT:
Richard Branson • Virgin • Northern Rock

Virgin Mobile USA IPO Disappoints

Shares trade just 5% above IPO price.

Oct 12, 07 11:15 AM CDT
(Newser) - Virgin Mobile USA debuted on the stock market yesterday with disappointing results, according to the Wall Street Journal. Its closing price of $15.75, up 5% from the IPO, was at the low end of the $15-17 range predicted by deal manager Lehman Bros. Founding owners Virgin Group and Sprint... More »

MORE ABOUT:
Virgin • IPO • Sprint

Kanye Prevails in Battle of the Hip-Hop Stars

It's still early, but Graduation is outselling
50 Cent's Curtis

Sep 12, 07 10:52 AM CDT
(Newser) - In the much-hyped battled between two music titans, early sales indicate hip-hop fans are going West. Kanye West’s latest album, Graduation, has been outselling rival 50 Cent’s Curtis—by 2 to 1 at one Hollywood store, the LA Times reports—since the two went on sale yesterday.... More »

MORE ABOUT:
50 Cent • Kanye West • Virgin • CDs • musician • hip-hop • music sales • album release • Newbury Comics • Curtis • graduation

Carlyle Bids on Faltering
Virgin Media

Debt-riddled UK cable provider, 35 ($ a share), seeks rich buyout firm

Jul 2, 07 1:37 PM CDT
(Newser) - The friendly corporate raiders at the Carlyle Group have floated an offer to buy out Virgin Media, the British cable provider, with total equity in the range of $8B and $10B, the Journal reports. The besieged media company has been losing customers to rivals in the UK, and has stacked... More »

MORE ABOUT:
Richard Branson • media • Internet • cell phones • cable TV • Carlyle Group • Goldman Sachs • Virgin • acquisition • buyout

10 Stories


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